CIMA Professional - Operational Level Package (E1, P1, F1)

The CIMA Operational Level course is divided into three sections, each with a separate focus to ensure that students get a balanced understanding of management accounting. Using materials approved by the Chartered Institute of Management Accountants, learners will cover: E1 – Organisational Management Focusing on organisational structure, this module introduces a number of basic concepts including: The finance function within a business and the ethical codes by which finance workers are bound.. The information systems used to assist with management accounting.. Internal processes including operation management, quality control, marketing and human resources.. P1 – Management Accounting An introduction to understanding and analysing business costs to make better strategic decisions in the short term. This includes: Using approved mathematical functions to create workable budgets.. Defining costs using absorption, marginal and activity factors, and performing variance analysis.. An introduction to the concept of decision theory and linear programming.. F1 – Financial Reporting and Taxation Financial reports are crucial to assessing current performance and accurately predicting future trends. They are also essential for meeting taxation requirements. The F1 modules cover: Preparing financial statements for a single company.. Producing a group accounts consolidated statement of financial position.. Defining and reporting assets.. Understanding taxation standards.. Managing cash, assets and inventories for the greatest financial benefit.. Each module of the CIMA Operational Level contains a number of sections – the listing above is a very brief overview of what students can expect.